VA's Home Loan Guaranty Program

T-RCED-88-26: Published: Mar 17, 1988. Publicly Released: Mar 17, 1988.

Additional Materials:


Office of Public Affairs
(202) 512-4800

GAO discussed the Veterans Administration's (VA) Home Loan Guaranty Program, specifically: (1) its servicing requirements for lenders; (2) how VA monitors lenders' activities; (3) how VA could improve its supplemental servicing activities; and (4) the adequacy of its staffing. GAO found that: (1) VA required lenders to work with loan defaulters to resolve their delinquent loans; (2) VA could improve its monitoring system with on-site audits of lenders' servicing activities; (3) although VA instituted alternatives to foreclosures, VA regional offices have a great deal of latitude in dealing with delinquencies; (4) VA staffing levels were inadequate to counsel and assist the large number of veterans with delinquent loans; and (5) a VA task force recommended the establishment of a training program to instruct loan servicing personnel on a systematic approach to preventing foreclosures.

Oct 3, 2018

Sep 28, 2018

Sep 27, 2018

Sep 13, 2018

Sep 5, 2018

Sep 4, 2018

Jul 31, 2018

Jul 24, 2018

Jul 19, 2018

Jun 26, 2018

Looking for more? Browse all our products here